Rep. Stark Urges CMS To Block New Medicare Advantage Sales Commissions Rules, Saying They Will Pr...
There are 1 comment on the MediLexicon story from Oct 27, 2008, titled Rep. Stark Urges CMS To Block New Medicare Advantage Sales Commissions Rules, Saying They Will Pr.... In it, MediLexicon reports that:
House Ways and Means Subcommittee on Health Chair Pete Stark on Thursday in a letter to CMS acting administrator Kerry Weems called for a limit on new sales commissions in an attempt to dissuade sales agents ...
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#1 Feb 10, 2009
Due to commissions being cut thousands of Independent Insurance AGents are being put out of work. Most Independent agents average salary was about $30,000 a year if you care to check the averages. We have a few bad eggs in this field and cutting commissions will not get rid of them however cutting commissions for the other 95% of good agents will further put the economy into a Recession due to the fact our salaries have been cut 50-60%. This ruling was not study indepth before being acted on. I believe it was done not to stop churning (this was only an excuse) but to do away with these plans. Bush was for this plan but not the new administration. The new Administration wants all Medicare money and does not want it going to Insurance Companies.
In all my 50 years I have not seen what is taking place today in America. Salaries are being dictated my our goverment. Stock Executives and now Independent Insurance Agents, who is next.
Thousands of Independent agents have lost their livlihood. If churning was the issue why didn't you just get rid of the bad eggs. When Washington's bad eggs are found out they are dealt with. We didn't get rid of the Senators and Congressmen. Well that is what you have allowed when you are cutting commissions on all the hard working honest Independent Insurance AGents.
I have never been more dissatisfied of the leadership of my Country (which I love) than now. American are little by little loosing are freedom. The decisions being made by are leaders are destroying America.
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